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FOX Business
Dec 28, 2012 10:00pm EST
secretary of state hillary clinton's office. lawmakers are now waiting to hear from clinton herself, who has backed out of testifying after suffering aconcussion. we will take up the effort for accountability in benghazi tonight. we will be talking to senator jon barrasso, a member of the senate foreign relations committee, and journalists at fox news contributor judith miller and former u.s. ambassador to the united nations, john bolton. joining us now is jon barrasso, member of the senate foreign ofh relations committee. he said the hearing explains stify.y why secretary clinton needs to testify. good to have you with us we. might thank you for having me. >> this is remarkable. i understand the testimony of secretary clinton was tellinggow her what was going on, what was transpiring as to the inadequacy of security. over many months in benghazi. .> is that right? >> that's why we need secretary clinton to testify on thetions record. to answer a numberwh of questio, what she did, did she give anytt orders. the same applies to thed st president of the united states where he was when he was d
FOX Business
Dec 27, 2012 10:00pm EST
termter went to president bill clinton. hey, what happened to governore chris christie? former clinton special counsel wnd steven haze of the weeklye standard dryness. [poignant country music] ♪ ♪ remember when ♪ we vowed the vows and walked the walk ♪ and gave our hearts ♪ made a start and it was hard ♪ ♪ we lived and learned ♪ life threw curves ♪ there was joy, there was hurt ♪ ♪ remember when ♪ ♪ remember when ♪ we said when we turned gray ♪ ♪ when the children ♪ grow up and move away ♪ we won't be sad ♪ we'll be glad ♪ for all the life we've had ♪ and we'll remember when ♪ ♪ remember when ♪ lou: exit polls show a deepenini racial divide, some say, at the voting groups. d key groups such as hispanics, blacks and asians puttingbama oe president obama over the top.cta the strength of support.e stre joining us now, former specialrm counsel to president clintonide lonnie davis, steven hayes, senior writer for the weeklythey standard, but fox newthcontr contributors, and that thank you both for being here. i am uncomfortable saying that thi
FOX Business
Dec 30, 2012 8:00pm EST
. >> and this doesn't have to do anything with to do with fiscal cliff but there is news on hillary clinton? >> doctors have discovered a blood clot stemming from a concussion she sustained several weeks ago they are monitoring the medication they are over the next couple of days. >> i guess she won't be testifying in front of any senate committees. rich, live for us. we'll check in with you at 9:00 p.m. and update you on behind the scene negotiations. we're going to update how asian markets are trading with no deal here in the united states. so until 9:00 p.m. have a great day. you'd you would think that you'd want to havewa assets available within a certain distance of, bt places. but there is no sign anywhere that we would ask any help fromo neighboring countries, anyone else in the vicinity to help us at thattime. have puthese people in this situation ,-com,-com ma they have failed to connect the dots and failed to anticipate what was happening and once th attack began, there was something they could do immediately, but have they responded immediately, might have prented the deatthat oc
FOX Business
Dec 27, 2012 7:00pm EST
winning his second termter went to president bill clinton. hey, what happened to governore chris christie? former clinton special counsel wnd steven haze of the weeklye standard dryness. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flightanytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! progressivive direct and other car insurance companie yes. but you're progressive, and they're them. yes. but theye here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us andhem -- now that's progressive. call or click today. ♪ lou: exit polls show a deepenini racial divide, some say, at the voting groups. d key groups such
FOX Business
Jan 2, 2013 6:00pm EST
or the state department confirming or the state department confirming secretary of state hillary clinton has been discharged from new york presbyterian columbia hospital. she left with her husband, president bill clinton and daughter chelsea. she was admitted to the hospital on sunday and received treatment for a blood clot in her head. again, secretary of state hillary clinton discharged from a new york hospital at this hour. some great news there. your 401k getting a nice boost today as markets celebrate a deal on the fiscal cliff. the dow rocketed more than 300 points. the s&p achieving the biggest one-day gain since december of 2011 come all the way back then. the nasdaq is up 3%. a record high for small stocks. scott martin, is with us now. so right here on my list of questions from one of the questions is, can the rally continued. i have to tell you that the futures are pointing down already. how do you handle the situation? >> as we know, the futures market tends to be the ultimate fake out. gerri: is in today's rally sort of a bit of a fake out? >> i think it is. what are the bigger
FOX Business
Dec 27, 2012 8:00pm EST
the clinton administration that carroll brander did not use e-mail. but we discovered, my colleague horner discovered that carroll brander did, when the clinton administration left they destroyed hardwares that the e-mail was contained owe can't look back at shenanigans that cheryl branner was getting up on the clinton administration. and now they are turning over approximately 12,000 e-mails to us. tom: is that what precipitated her resignation, this is the common reason, i want to spend more time with my family. >> who knows, but it is no cosince -- coincidence she is up to her ears in scandal right now. tom. how widespread is this? other agents accused of using some sort of way to get around the law, federal records law, freedom. in could acts and other, government properties and government records so people can follow. >> yes, two house committees controlled by the republicans are now investigating the richard windsor issue. i hope they will ask that question. how widespread is this illegal practice? who else has been doing it? let's see those records. there needs to be a wide spread
FOX Business
Dec 31, 2012 7:00pm EST
,000 for individuals, $450,000 for married couples. from a tax increase. it would go back to clinton era rates for capital gains dividends under $450,000 per year would save the current rate. income amounts above that, we are talking about a 20% tax. taxes would increase there. the alternative minimum tax would be couch. it sounds tens of millions of middle-class americans, and this would be a permanent exemption for those people. as for the estate tax, it would go to 40%. there would be a one-year extension of long-term unemployment benefits. adam: what is the sticking point? it seems to me that the democrats felt they wanted, even a delay on the spending cuts. reporter: they did, and that's the problem. it is the delay on the spending cuts democrats wanted to delay the automatic spending cuts for the first few months. known as the sequester. $94 billion worth over the next year. republicans wanted to pay for that by spending cuts elsewhere. so that's something that they are still arguing out right now. republicans say that we have this. adam: will there be a two-month delay on the spending c
FOX Business
Jan 1, 2013 10:00pm EST
this is for republicans, it becomes a vote to essentially cut taxes. the clinton era tax rates have been basically bought back. the expiration of the books to -- bush tax cuts as of midnight this morning. what you have is a key vote in that house that will decide the fate of this deal that was struck between the minority leader of the senate and the vice-president just about an hour from now. diane: if this passes you still have to deal with spending cuts in the debt ceiling, of course. will that turn into another showdown? rich: absolutely. because there are really no significant spending cuts in here republicans are still sticking to their opening point which is any increase in the debt ceiling must be accompanied by spending cuts of equal values. that is something that republicans are going to have to the move the ball on. he also after member and a couple of months we're going to deal with government spending in general, what is known as a continuing resolution which funds the federal government, the discretionary part of the federal government. that expires in a couple of months and is something tha
FOX Business
Jan 1, 2013 8:00pm EST
administration, now that we reverted to clinton era rates, a broad base tax increases technically have been, republicans this evening will vote on an tax increase, still not the spending cuts they want. there is still additional spending in this when you talk about long-term unemployment insurance benefits extended for a year, but the fact that they could not get the votes, they could not get the 218 votes they needed to get this package of spending cuts attached to the senate bill, knowing that it would very likely torpedo this deal, says it is a positive sign. we'll put it there. not a done deal. can't say definitely going to pass congress but it's a positive sign for passage. diane: as you were talking, rich, we got word from chad. we're all connected here. they're expecting a vote sometime around 9:00 p.m. today. we will of course be checking this with you. we'll check in here as well. that's all we can do. we keep everybody posted. rich edson live from d.c. rich, thanks so much. >> thank you very much. diane: and that is the latest on the fiscal cliff negotiations, everybody. that is g
FOX Business
Dec 30, 2012 1:30am EST
mr. clinton tax increases as far as the eye can see under mr. obama. >> wheno the spendg cuts happen, sarah? >> never. >> and you often see the tax increases kick in and inhe health care law, and spending never gets cut. >> i think you need to look where the spending goes, providereventive care. and we saw 80 million acces preventative care and that's a net savings for the entire health care system passed on to all of us. >> how have job cuts we've en the medical device makers, they're soued the horn about them. how does it help the broad economy though? >> what you're seeing is readjusting of the economy. most of this tax money ces out ofhose m making 250,000 or mo more, an increase on those individuals. at the same time that we're finding out her on capitol hill about a drease on those making 250 or less, so, majority of amerans. when we have this increase on aery small portion, we see that those folks are welcoming this increase, a poll released the day befor christm put thugh american express and the harrison group, saw that 67% of those making 1% or more want today see this incr
FOX Business
Dec 31, 2012 1:00pm EST
,000 for individuals. $450,000 for families from tax increase amounts go to clinton era rates, top rate there, 39.6%. permanently patches all the tern any of minimum tax to assure unless of americans avoid paying amt. estate tax goes to 40%. all amounts exempt up to $5 million. one year extension of unemployment benefits. delay in the ski questionster, that is what they're talking about now. where do you get the other spending cuts to replace the automatic spending cuts of $94 billion next year? there is something to increase spending part of this as well. this is something congress usually does every year. this is the doc fix, to insure medicare doctors don't get a massive cut. this is part the framework. this costs money. republicans and conservatives say we need to get spending under control here, perhaps letting sequester hit automatic cuts would be good at least they get their spending cuts. one item not in here very good for chances of passage in the house, debt ceiling is not incree. republicans say they can use that to extract more spending cuts as the new congress takes over later this w
FOX Business
Dec 31, 2012 6:00pm EST
with these negotiations. here are some of the things that are on it. taxes would rise to return to the clinton error rates for families making over 450,000 year to may individuals making more than 400 to a back to the top rate of 36%. there would be a permanent fix to the alternative minimum tax, which is something that congress patches every year. it affects about 30 million people and is worth about 90 billion per year. that would get fixed permanently according to the sources. the estate tax would go from 35% to 40% on the more than 5 million. those under 5 million would not get taxed at all. the deal also throws in extended jobless benefits for another year. again, they're trying to work on figuring out how to mitigate or delay these sequestration spending cuts. there is some talk about putting them off for a couple of months to give congress some time to really look into it in a more deliberative way and find some spending cuts elsewhere. gerri: so, where is the fiscal austerity? where is then no spending? is seems to me like it's all about raising taxes. it's all about spending more money. there is
FOX Business
Dec 31, 2012 10:00pm EST
clinton and speaker gingrich. we have hisexperience, also the experience as a member of the budget commission put together president clinton which came to nothing. just as the simpson bowles commission came to nothing. and as this fiscal clef being managed by his president does t look promising. >> that is really the point you brought up earlier. when you have european levels of spending which we now have come up you have traditional american tax rates, that cannot give. americans have a certain self-ima. canada, americans think of canada as a semi frnch socialist market. total governmenent spending in canada is about 42% of gdp. is now 41% in the united states commits of the difference between the sturdy, manley republic of limited government and self-reliance citizens and thesemi french monarchy is actually just down to 1%. we actually spend, government spends more per citizen on the average american than the french government does in the average frenchman. lou: i think you're being unfair to americans. we think of quebec, but certainly not all of canada, and more of our refuge.
FOX Business
Jan 1, 2013 7:00pm EST
tax bracket revoted to the clinton era rates. they have all gone up. at this point vote for the tax cut, get out of here, come back on january 3rd and use the debt ceiling to extract cuts from democrats that try to the if us to some sort of fiscal sanity here. >> then two months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual break in at any time if we continue to get news. don't forget fox business will be live tomorrow morning a 5:00 a.m. for special coverage as markets react to all of this. i'm diane macedo. here is your regular programing. >> this has been a fox business special report. we now return you to your regularly scheduled programing. lou: 20 f-16s will be
FOX Business
Jan 1, 2013 9:00pm EST
that all the tax rates refer to the clinton era tax rates and that millions of americans that normally don't pay the alternative minimum tax would pay the amt and that doctors who treat medicare patients would automatically get a major pay cut beginning at the year. all that is basically spending and tax cuts that congress does at the end of every year anyway. that deficit number, while it is striking, it's basically what the can present to from the congressional budget office assumes congress will do every year. they just can't by law say that will happen because it's not in law. we don't do much long-term was bank. when you said that congresswoman louise slaughter is hoping to get this done before markets over, there will be a vote before markets opened. we may be getting a vote before the end of the day. baboon that's the time we expect the house will vote on this proposal. the senate-passed proposal. if the house can pass this, that means it goes to the president's desk for his signature and then we move on to the debt ceiling fight. there was some congressional trauma going down a few
FOX Business
Dec 28, 2012 9:20am EST
administration the deficit was $167 billion. now is 167 -- >> compare the clinton administration with tax rates, much more robust private sector. stuart: can we get america back away and not to be? >> that is -- [talking over each other] stuart: out of time. tax deduction for charitable donations end or restricted. will rich people stop giving or is the government trying to become the go to charity of choice? yes they are. it is on its way with that. we will discuss it in a moment. i got to keep going. i was out of breath all i stopped. we don't have a commercial break and now we have this. more outrage. russia bans adoptions by americans. not only is vladimir putin denying four russian children the chance of a better life in america but insulting the u.s. and the obama administration. three years ago hillary clinton presented the russian foreign minister with a reset button. how did that relationship work out? who could forget president obama, he would have more flexibility in the second term. what a disaster. liz: latest in a long string of a fronts. door and the being treated as political po
FOX Business
Jan 2, 2013 9:20am EST
opinion. okay. and later this hour, democrat strategist and former clinton advisor doug schoen tells the company, are we like greece? is this deal affecting america's prosperity. i'll ask him the top of the hour. and grover norquist, is he backing down from his no-tax pledge? is he hedging? find out, ten o'clock this morning. go to our facebook page, tell us what you think about the deal that we've got, you're happy with it. if you are, we want to know why. we'll read some of your comments on the air. tell us why we want that in there. the markets, they've got their answer on the fiscal cliff, a deal has been done, the result is yes, it is a rally. we're going to see a big gain for the dow. it's going to be big. the opening bell for this brand new year is next. night ♪ >> surely you recognize that music, don't you? that's played on the bah zuki? why are we playing that? because america looks a whole lot like greece in morning. why? we've got a fiscal cliff deal. all it does is raise taxes. it doesn't cut spending, it doesn't do anything about the debt that we and europe and greece
FOX Business
Dec 26, 2012 9:20am EST
jfk. back in the early 1960's. and he got a huge amount of protest. >> clinton lowered the capital gains tax and because of that a huge boom in the stock market. >> the tax cuts barely passed at the early part of 2000. why didn't they make them permanent and we could have avoid this had kind of discussion? >> tax policies extremely difficult. they put it through the so-called reconciliation process, which doesn't require 60 votes. reconciliation laws, sunset after ten years, they're not permanent and that's why this one is sunsetting, rather than having done a, you know, a long-term tax reform bill. and tax reform is very difficult. >> why can't we get sunsetting on spending, and no sunsetting on tax cuts. we shouldn't be, that's what we should be sunsetting are the spending bills. we should be talking about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >> because
FOX Business
Dec 31, 2012 8:00pm EST
in up to 39.6% under clinton. i might be able to live without. i might not. is their level of crunching the numbers? you are pretty good at math? >> i am married to a canadian and i can always run to canada. [laughter] he has dual citizenship. neil: may be billionaires are not focusing on jobs because they are focusing on their love lis or their lack of one. how the grinch are striking out these days. it could be a real beach for it could be a real beach for jobs.c, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all workinwith united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a opout. and the differenceyears between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of tt child. give. ad
FOX Business
Dec 31, 2012 11:00pm EST
.6% under clinton. i might be able to live without. i might not. is their level of crunching the numbers? you are pretty good at math? >> i am married to a anadian and i can always run to canada. [laughter] he has dual citizenship. neil: may be billionaires are not focusing on jobs because they are focusing on their love lives or their lack of one. how the grinch are striking out these days. it could be a real beach for jobs. neil: if you are rich, the president is itching to go after yo my next guest says that is bad, but this could be worse. millionaires and billionaires are having a taxing good time finding love. but 1-800-flowers, jim mccann says that he has the fix for that. i am finding that the peak is in. they are all telling me about what things are all about, the number one or number two show in the country is the big bang theory, so we are all celebrating the geek. neil: this idea that if you have this business, very god common sense, i think they are looking for answers in all the wrong places. how do you invite them? >> i will tell you as a florist, it is good business being
FOX Business
Jan 2, 2013 1:00pm EST
rate of 39.6% from the clinton era if individuals making more than 400,000 a year, and families more than $450,000. they see rates on capital gains and dividends rise to 20% from 15%. unrelated to the tax legislation is a new tax under president obama's health care reform law that a 3.8% medicare surcharge on investment income for individuals making more than $200,000 a year and families making more than $250 # ,000. the tax increase to hit almost all taxpayers, lower income as well as upper income, is the expiration of the payroll tax cut from the last two years, and that is the main thing that is increasing taxes for households earning $100,000 to $200,000 a year. that's the income bracket we look at at this hour. according to the tax policy center, they go up, on average, by about $1800 a year as social security withholding rises to, back up to 6.2 #% this year from 4.2% the last couple of years. melissa? >> all right, peter barnes, thank you so much. >> uh-huh. >> keep it here on fox business. in the next hour, what it means for individuals making $200,000 to $500,000. full cover
FOX Business
Dec 25, 2012 7:00pm EST
now, the "a-team," legal analyst and former clinton advisor, fox newv contributor.ke good to have you all here. have to start with you on this republican recess, as we start to figure what is going on with republicangu party. it seems stephen hayes and a fet other folks are saying they did a great job in her standing up for them it i'm not saying anything, just asking questions this is a status quo position of the republican party? >> the rank and file out across history -- lou: who is it? >> look, i need a little bit ofk new blood. we do very, very well as we win the government raises and the midterm.e m lou: let me ask a democrat. >> have to find the talent bring them to do washington. lou: no names and don't mess it up too much. does that wor it work the same r the democrats? >> absolutely because republicans have won five of the last six elections. the never miss an opportunity to miss an opportunity and if they follow the prescription for what will happen is they will cosign themselves with their position. >> i just want to understand this, representing both sides that you both w
FOX Business
Dec 27, 2012 11:00am EST
. speaking right. exactly. liz: more on the fiscal cliff. let's bring in peter. with us is former clinton advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy healing, bond yields could go
FOX Business
Dec 31, 2012 11:00am EST
. secretary hillary clinton remains in the hospital. she is being treated from a blood clot. she is expected to stay at the hospital for two days while being treated with a blood thinner. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: how much would you pay to get a ride home on new year's eve after partying? it looks like getting home tonight will prove uber expensive tonight for many. shibani joshi has the details. shibani: if you are planning a big night on the town, bring a big wad of cash or walking shoes. there will be plenty of cars available if you so choose to use the service. they will not be cheap. sending out an e-mail to customers warning that "new year's eve pricing is not for the faint of heart. "the average surcharge will be two times the normal prices. if you do not want to be handing out benjamin and all night long, you may want to be thinking about other ways to get around. the peak times will be 12:15 a.m. to 2:45 a.m. dagen: third drivers are great. the cars are fabulous. people should stay at home. shibani, happy new year.
FOX Business
Dec 30, 2012 9:00pm EST
clinton is in the hospital after doctors discovered a blood clot stemming from a concussion she sustained several weeks ago. her doctors will continue to assess the situation in the next 48 hours and see if any further action needs to be taken. >> reporter: okay, rich. fox business network here all night. we'll be monitoring potential of a deal and also watching some of the asian markets, hong kong just now beginning to trade. we'll update you at the 10:00 p.m. hour. we want to remind you at 5:00 a.m., sheryl will be here to start the trading day for that. with the opening bell at 9:30 here at new york. if there is a deal we'll have it for you if it happens during our break at the top of the hour but at 5:00 a.m., as well. we'll return to our programming now. hand. it is a time consuming labor which they have to do for hours every week. they want the washing mhine. they don't want to spend such a large part of their life doing this hard work wh so relatively low productivity. but when electric truer to environmentally concerned studentshey say everyone in the can world cannot ve cars and
FOX Business
Dec 31, 2012 5:00pm EST
%. that's when president reagan and his administration cut it. at one point during the clinton administration, down to 20%. 1997 through 2003. let me ask you about that. when it was at 20%, didn't we enjoy a tech boom? didn't seem to drive investment away then. why would it drive investment away now if we go back to 20%. the 24% or 23.8% is on highest, highest, talking warren buffett incomes at that point? >> you know, there is lot going on in the economy at any time other than the capital-gains tax rate. i am saying that if we raise it too high, we do risk killing high-tech investment. so, you know, there is a lot of economists frankly argue that our tax rate on capital gains ought to be zero. in fact there are about a dozen high-income countries like netherlands, new zealand, mexico, have capital-gains tax rates of zero. so i think the benchmark here is zero because capital gains is so important. it actually represents double taxation. capital gains income is already taxed at the corporate level. we don't need to tax it again at the individual level. adam: forgive my tax igno
FOX Business
Dec 31, 2012 9:00pm EST
the view that president obama epresses. gerri: i have toask ou about hillary clinton. you have been unfairly critical her recently. she, of course, has been in my. :. we have not seen her for weeks. now we understand why. she had a blood clot that she is being treated for tell me with that knowledge in retrospect, what do you make of her disappearance? do you feel like maybe you were to martian your criticism? >> my point from the beginning has been there is a real lack of trsparency year. whether they were understating the health problem or overstating the of problem, we still don't know, and she has been out public view for three weeks. when you are contemplating a presidential run, and she is, i must say, it doesn't do any good for your credibility not to be open and candid about this kind of situation, and nobody wants her to have a health problem, but we expect honesty and openness from our political leaders. gerri: all right. thank you for comingn. appreciate your time. still to come to my "2 cents more" and delicate the winners and losers in the tech world in 2012 from apple
FOX Business
Jan 1, 2013 6:00pm EST
are tax rates we haven't seen since the year 2000, clinton era tax rates until february 15th. in that respect you do have a little bit of time to work things out. but on top of that you also got the debt ceiling coming. there are only $200 billion worth of spending room left according to the treasury department. so all of these issues are coming into play here. there are a number of lawmakers who want to get this out of the way. they don't want to be responsible for a major tax hike which already has happened. they want to get this done and move on. there are still republicans who say you have to have spending cuts in this deal. we're not tired of not having enough spending cuts. the deficit is still too much of a problem. >> a lot of deadlines in play. they don't seem to be speeding things up rich, so far. we're so glad you're there keeping track of this for us. >> thanks, diane. >> that is the latest on the fiscal cliff negotiations in washington. we'll be back at top of the hour or break in anytime if we get more news. fox business will have live coverage tomorrow morning
FOX Business
Jan 2, 2013 3:00pm EST
them was the restoration of the top marginal tax rate of 39.6% from the clinton era from individuals making more than $400,000 a year, families at $450,000. they fall into that category. they will also see rates on capital gains and dividends rise to 20% from 15% unrelated to this week's tax legislation is a new tax under the president's health care reform law that we talked about, a 3.8% medicare surcharge on investment income for individuals making more than 200,000 a year. families making more than $250,000. the tax that hits all taxpayers, lower income as well as upper, is the expiration of the payroll pax cuts from the last two years. add all of this up for households earning $# 500,000 to a million a year, and according to the tax policy center, their taxes are up by an average of $14800 this year, liz. liz: great. okay. listen, it is what it is. it's a quote from britney speers. >> wait until we get to the million dollar bracket. liz: we'll watch that too. listen, we love all the tax bracket viewers, doing it all day long, and good for you for at least bringing the exact numbe
FOX Business
Jan 2, 2013 4:00pm EST
.6 from the clinton era for individuals making more than 400,000 per year are from is making a $450,000 for those taxpayers also said the raids on the cap gains and dividends rise to 20% from 15%. unrelated is a new tax on the president's health reform law. the medicare surcharge on investment income for individuals making more than $200,000 per year. come is making more 250. the tax increase that ill hit pretty much everybody, lower income as well as upper is the expiration of the payroll tax cut from the last two years hitting anybody with a paycheck from $10,000 to a billion dollars. so for the households earning more than a million dollars or more per year according to the tax policy center, their taxes will go up on average by $170,341. no surprise if you're including billionaires. david: we should include even millionaires and th william ayes once he taxes go up on the first 400,000 for individuals or $450,000 for families. correct? >> right. for a billionaire, i think that is tipped money. david: thank you peter barnes. you can see specifically however id of other income bra
FOX Business
Dec 26, 2012 12:00am EST
secretary clinton agreed to meet with the russian foreign minister and rahim my, the u.n. ambassador for the syrian issue, the syrian dossier. if the regime uses chemical weapons or any weapons of mass destruction, the regime in syria, that is definitely an indication that it is a last act of desperation. melissa: yeah. >> i'm sure that the international community will try to prevent that in any way, shape or form. the syrian, the russian president, putin, a couple of days ago when he was in turkey, he gave some signals that the chemical weapons in syria are secure. so now i think we need to sit down with the russians to see if they have any guaranties to the security of these weapons. >> talked about how the international community could try to prevent this and there are two weapons we really have. there are weapons weapons and there is money. is there anything, what could we do at this point to try to stop this from happening? >> well i think, you know, the regime of syria has these weapons. i'm not sure they will sell them or if we put some money on the table that will solve this.
FOX Business
Dec 31, 2012 4:00pm EST
revenue? i'm talking about savings during the clinton administration because he had a lot of extra money coming in. will the new taxes, new tax money going in help to pay off the debt? >> that remains to be seen. i'm for priming the pump economy and getting more people back to work. then, rising tide lifts all boats. the whole direction we're taking with this economy is the wrong direction. we're, we keep talking about tax increases. how about getting people back to work? liz: well, yeah, of course. then to you, representative mulvaney, we had former treasury secretary paul o'neill come on the air said look, figure out what your revenue is going to be and size the government to that. we all understand business here at this business network. you don't spend more than what you have. so at what point are you going to really look at the spending cuts and say, you have got constituents who voted you in say, yeah, but don't touch my medicare. how do yyu deal with that? >> if tim and i had our way you would have started two years ago. i like dennis. we'll get along fine. i think we'll be less o
FOX Business
Dec 28, 2012 11:00am EST
is it enough? what should that 40% share be from the top 1%? >> the clinton rate was 39%. dennis: share of tax dollars. >> overall share, how do you measure that? the fact is you equate in terms of wealth as opposed to income is even greater. a small percentage of americans own all the wealth. i thought you were talking about marginal tax rates. if it was marginal tax rates we're doing fine -- dennis: the bottom half of earners pay zero federal income-tax. they pay sales taxes and% income-tax. [talking over each other] >> they pay less than nothing because we get earned income tax credit. dennis: all right, sounds good to me. [talking over each other] dennis: we will cut you down. shibani: the fiscal cliff survival kit is here. the market's jump in and fiscal cliff years. what should you do to protect your money, your portfolio, your sanity, your 401(k)? joining us is president and ceo of shaver asset management dan shaffer. good to have you on this friday, big day for the market. all these talks, i noticed movement in bond prices. in the currency market, what is your technical analysis tellin
FOX Business
Dec 31, 2012 9:20am EST
. >> hey, diane, thank you for being here. >> thank you, stuart. stuart: secretary of state hillary clinton remains hospitalized this morning and has a blood clot related to concussion she suffered earlier this month. that concussion prevented her from testifying at the scheduled benghazi hearings, secretary cliiton is expect today remain in the hospital, it's in new york city, she's going to stay there for probably the next 48 hours and check out the clot. time is money, 30 seconds, here is what else we've got for you today. rich people voted for president obama, yes, they did and now their taxes are going up. are they happy now? our voice from the rich has the answer coming up. speaking of the president, where is the leadership? kirsten powers is democrat who i think is drifting away from the obama camp. she will be joining us a little later. and a new year brings new hope for the formerly golden state of california, the chairman of the state's republican party, yes, there is such a thing, as a republican party in california, i think. join us. remember, we want to hear from you please, se
FOX Business
Dec 26, 2012 11:00am EST
.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it impossible? peter: it is not impossible. you are probably referring to this three day period that the house requires for reading legislation. in theory if the senate did something by friday, they would have saturday, sunday and the house could vote on monday, but if we got into pingpong, good luck with that. dennis: thank you very much. shibani: christmas miracles can happen. snow and wicked wind preventing thousands from flying home this christmas. join me live in the weather center as the storm moves towards the northeast. watch out for that. dennis: less miserables winning bid at the box office. we will tell you abou
FOX Business
Dec 26, 2012 1:00pm EST
.6 from the clinton administration from 35% now but taxes would also go up for lower income earners. the maximum low rate would revert back to 15% from 10% now. the for investors, capital gains rates would revert to 20% from 15% now. depending on the analysis, the average family would pay 2,000 to 4 thou more in taxes next year. back to you guys. tracy: peter we were talking about the protocol. you sent a great little ted it about. you have to explain it to the viewers. the house makes these rules, three day rule everyone gets opportunity to read but the house has the opportunity to throw them out of the window. >> that's right. the house can waive its rules so they can waive the three-day rule, but, also the three days isn't 72 hours now. it is like, it's three calendar days. if they post it one minute before midnight on one day, then have it for 24 hours for day two, they can post it for one men on day three, that apparently now counts as three-day rule. so 24 hours and two minutes. tracy: it's a joke. sound like my house. i make up the ruse as they go. lori: whatever, mom. tracy:
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